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escrow
(redirected from Escrow agent)

    Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.02 sec.

escrow

In law, a document sealed and delivered to a third party and not released or coming into effect until some condition has been fulfilled or performed, whereupon the document takes full effect.

Money deposited with a neutral third party to be delivered when conditions of a contract are fulfilled, as in real estate transactions, is commonly referred to as escrow.



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? Mentioned in ? References in periodicals archive
 
Prior to joining Bader Rutter, Gundzik worked as a closing/ escrow agent for Metropolitan Title Company.
Bader Rutter & Associates by Agri Marketing
Ward authorized the escrow agent for the sale to pay CWM $500,000 from the escrow account established for the sale.
Virginia Supreme Court allows third-party beneficiary action by Journal of Accountancy
It involves the use of escrow agent firms to provide protection for escrow depositors and eliminate escrow deposit bookkeeping headaches for attorneys.
New service gives downpayment insurance by Real Estate Weekly
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